Complete the following problem and submit the file to the appropriate D2L drop box for this assignment in the original MS Word format. You must show me your work (computations) in this document in order to earn the credit - using Word's equation editor, tables, or spreadsheet might be best. Handwriting on the screen or uploading a photo of handwritten work is unacceptable. I expect you to use the editing capabilities of MS Word to complete this problem. You may copy and paste any work done using other software into this document. Simply listing a couple of numbers is not acceptable -- I must be able to evaluate your responses. Do not change the filename (425Problem2.docx) when you save or submit the file to the dropbox -- D2L will add your name to the filename when I download the files.
Barbi Dahl, chief prognosticator for OBM (Obsolete Business Machines) Inc., wants to forecast this year's demand for manual typewriters based on the following historical data:
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YEAR
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DEMAND (x1000)
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2010
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42
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2011
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38
|
|
2012
|
31
|
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2013
|
25
|
What is Barbi's forecast for 2014 using a linear trend equation?